HYIN vs. HIPS ETF Comparison

Comparison of WisdomTree Alternative Income Fund (HYIN) to Master Income ETF (HIPS)
HYIN

WisdomTree Alternative Income Fund

HYIN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the ?Index?). Under normal circumstances, at least 80% of the fund?s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of registered closed-end investment companies and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.65

Average Daily Volume

26,559

Number of Holdings *

27

* may have additional holdings in another (foreign) market
HIPS

Master Income ETF

HIPS Description The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.

Grade (RS Rating)

Last Trade

$13.16

Average Daily Volume

31,726

Number of Holdings *

37

* may have additional holdings in another (foreign) market
Performance
Period HYIN HIPS
30 Days 0.93% 3.55%
60 Days -2.15% 1.87%
90 Days -1.20% 3.35%
12 Months 8.39% 20.42%
6 Overlapping Holdings
Symbol Grade Weight in HYIN Weight in HIPS Overlap
ARCC A 3.14% 2.72% 2.72%
BXSL A 3.08% 2.62% 2.62%
FSK A 3.25% 2.65% 2.65%
GBDC C 3.03% 2.55% 2.55%
JFR A 3.04% 2.75% 2.75%
JQC A 3.03% 2.78% 2.78%
HYIN Overweight 21 Positions Relative to HIPS
Symbol Grade Weight
MAIN A 3.18%
PTY A 3.03%
OXLC C 3.0%
GOF A 3.0%
HYT A 2.94%
PDI C 2.9%
EVV C 2.89%
LADR B 2.88%
ABR C 2.87%
HTGC D 2.86%
ARI C 2.83%
VVR D 2.83%
STWD C 2.83%
EFC C 2.82%
BXMT C 2.78%
AGNC D 2.78%
ECC D 2.75%
RC D 2.71%
RWT D 2.71%
AOMR D 2.66%
CMTG F 2.4%
HYIN Underweight 31 Positions Relative to HIPS
Symbol Grade Weight
BGX A -2.79%
LTC B -2.79%
ET A -2.68%
SLRC A -2.66%
EFT A -2.64%
EPD A -2.64%
FCT A -2.63%
FDUS A -2.62%
BLW B -2.6%
MPLX A -2.6%
DMLP A -2.6%
GTY B -2.59%
CQP B -2.56%
NBB D -2.54%
KRP B -2.53%
DSU B -2.52%
ALX D -2.49%
PAA B -2.48%
SBRA C -2.48%
WES C -2.48%
GLPI C -2.48%
OHI C -2.46%
USAC B -2.44%
BSM B -2.44%
PK B -2.41%
EPR D -2.28%
NMFC D -2.26%
GSBD F -2.2%
NNN D -2.18%
NHS D -2.02%
GNL F -1.83%
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